Q2 Holdings will bring Bitcoin to its more than 18 million customers through NYDIG, as the cryptocurrency recovers with positive news from Paraguay. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍The price of Bitcoin (BTC) and other cryptocurrencies are beginning to recover, although it is not yet clear what direction the cryptocurrency will take in the short term. Bitcoin hit $35.000 per unit shortly after Paraguayan lawmaker Carlos Rejala shared on Twitter news about the imminent introduction of the Bitcoin Bill in the country. The price of BTC rebounded 18% from its low of $29.190 in June on Thursday.
Other cryptocurrencies, such as ETH, DOGE, ADA, BNB, XRP, DOT, SOL, THETA and XLM, show increases of up to 11% in the last 24 hours.
Bitcoin and Blockchain Adoption
📍Q2 Holdings is partnering with cryptocurrency management firm NYDIG to offer digital asset exposure to its 18 million clients. The company communicated that the integration with NYDIG will open up the ability to buy, sell and hold bitcoins to its more than 18 million current customers.
📍American venture capital firm Andreessen Horowitz has announced the launch of a new investment fund related to the crypto industry. According to Spanish President Pedro Sánchez’s announcement of the firm, the new investment fund, called Crypto Fund III, has already raised 2.200 billion dollars, which will be used to invest in financial innovation of the cryptocurrencies, and promote the development of technology-related projects blockchain.
📍Digital Assets AG has launched tokenized shares of Facebook, Google, Netflix, Nvidia, PayPal, Square and Tesla on the Solana blockchain. The company wants to offer an efficient and reliable environment for the negotiation of 55 tokenized shares and for trading through the Solana blockchain, he said. Brandon Williams, Corporate Development Leader at Digital Assets AG.
📍The US House of Representatives has passed the Consumer Safety Technology Act. This bill seeks to study and delve deeper into digital assets and blockchain technology. As explained, the goal is to explore the use and applications of digital tokens and assets, blockchain, and artificial intelligence to support the mission of the Consumer Product Safety Commission and the Federal Trade Commission to study and report on the potential of these powerful technologies.
The Commission wants to use new technologies to monitor major market trends and to carry out consumer safety checks.
📍Banco Santander is partnering with Elliptic to implement a blockchain system that allows it to track suspicious cryptocurrency transactions. On Twitter, crypto risk management company Elliptic reported on the successful completion of the crypto pilot program with Banco Santander.
As reported by the company, the pilot is helping the bank understand the risks that arise with the use of cryptocurrencies and digital assets and also explore different mitigation strategies for these risks.
Cybersecurity
📍Executives at AfriCrypt, a South African cryptocurrency company, have disappeared along with several billion dollars worth of Bitcoin. The firm's investors have alerted about a possible scam to prevent the brothers raees y Ameer Cajee, which disappeared along with $3.600 billion in cryptocurrencies, try to shift the funds on platforms or exchanges.
The company warned in mid-April that it had been the victim of a hack that affected users' accounts, so access to both accounts and funds was frozen. AfriCrypt also said it had not reported the cyberattack to authorities, and asked affected investors not to do so, so as not to slow down the recovery of assets. However, on Wednesday, a Bloomberg report revealed that the firm's executives, the Cajee brothers, disappeared with the funds.
Lawyers following the case say the disappearance of the firm's executives could be an exit scam, as the recent drop in the value of cryptocurrencies may have made the scam completely unsustainable and led them to decide to flee. According to the lawyers, the apparent "rug pull" may spark greater interest in the crypto industry from regulators.
Rules and Regulations
📍In Nigeria, The Minister of Communications and Digital Economy is evaluating the implementation of blockchain as an emerging technology that will help drive technological development and innovation in the country. A local medium reported Nigeria’s Minister of Communications, Isa Pantami, noted that blockchain technology has come at the right time, considering the efforts being made by the government to boost emerging technologies in Nigeria. Pantami assured that the government will further support the construction and establishment of Emerging Technology Centres already underway in the country.
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